Croatia’s inflation eases to 4.1% in January

ZAGREB, 1 Feb (Hina) – Croatia’s inflation rate in January 2024, measured by the Consumer Prices Index, slipped to 4.1% compared to January 2023, according to a flash estimate of the national statistical office (DZS), published on Thursday.

Thus, the inflation rate eased to a record low rate since October 2021, when it reached 3.8%.

The country’s inflation in January 2024 was 4 percentage points down from December 2023, when it stood at 4.5%.

According to the main components of the index, the inflation rate for Food, beverages and tobacco was 6.1% and for Services 5.9%, while for Non-food industrial goods without energy it was 3.0% and for Energy вЂ‘0.6%.

At the monthly level, the prices of Food, beverages and tobacco increased 1.1%В and of Services by 0.7%, while a decrease is estimated for Non-food industrial goods without energy, of 3.1%, and for Energy, of 0.6%.

Eurostat, the European Union’s statistical office says in its first estimates that Croatia’s annual inflation rate in January, measured by the Harmonised Index of Consumer Prices, was 4.8%, down by 3 pp from December 2023.

The average inflation rate for the euro area stood at 2.8% in January. Estonia had the highest rate, of 5%, and was followed by Croatia.